January 14th, 2022 | 13:29 CET
BYD, Yorkton Ventures, BMW - An expensive boom
The electric carmakers' annual figures are out, and they show rapid growth for both BYD and BMW. Despite the pandemic and the shortage of semiconductors, the automakers were able to double deliveries in some cases. The industry also expects a continued boom in e-mobility in 2022. The Association of International Motor Vehicle Manufacturers forecasts around 850,000 new registrations for electric vehicles in Germany in 2022. In addition to the sales figures, however, the prices for the raw materials required are also growing. Lithium alone, which is essential for batteries, has more than tripled in price since June of last year and is currently reaching new highs almost daily.
time to read: 3 minutes
|
Author:
Stefan Feulner
ISIN:
BYD CO. LTD H YC 1 | CNE100000296 , Yorkton Ventures Inc. | CA9872111096
Table of contents:
"[...] In 2020, the die is finally cast in the automotive industry towards electromobility. [...]" Dirk Harbecke, Executive Chairman, Rock Tech Lithium Inc.
Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
Tag cloud
Shares cloud
Extremely scarce goods
Little has happened on the lithium market in recent years. Investments did not flow into the industry, nor did prices rise, even though the age of electromobility has long since begun. Only China has been positioning itself for some time to secure its own supply of battery-grade lithium. The Middle Kingdom is responsible for 80% of global raw material refining, 77% of global cell capacity and 60% of global component production.
Due to the exploding sales figures of electric car manufacturers, lithium demand will significantly exceed supply by 2022 at the latest. Due to the tight supply, the lithium price has risen to unimagined heights since last summer. On the New York Commodity Exchange Comex, a future contract costs USD 36.75, over 200% more than 9 months ago.
On two legs
The largest deposits outside China are located in the so-called "lithium triangle" between Bolivia, Argentina and Chile. In North America, on the other hand, there are few promising projects. The listed Company Yorkton Ventures wants to close this gap. The Company, which has a current market capitalization of EUR 8.28 million and is listed in Toronto and Frankfurt, is focusing on 2 pillars: Gold and Lithium.
The Company is led by geologist Andrew Lee Smith, who has more than 25 years of experience in the successful exploration, development and operation of gold and lithium deposits. North American and African base and precious metal mining projects. At Thema Gold, the Company is focusing on two prospective assets in Newfoundland and a deposit in Quebec. Yorkton Ventures holds a 100% interest in the Parkview project, which covers 450 hectares and is located on New World Island.
This project is adjacent to Ethos Gold Corp.'s Fairbanks claims. In addition, Yorkton also holds a 100% interest in the Knights-Melange project, which covers 5,550 hectares near the Queensway discovery by New Found Gold Corp. in Newfoundland. The third project in Quebec, the Bellechasse-Timmins Gold property, contains a historical mineral resource of 171,000 ounces of gold at an average grade of 1.83 g/t gold in the indicated category and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category, as well as the Champagne VMS deposit and the Beland gold deposit.
Specific to the Newfoundland projects, GoldSpot Discoveries Corp. has been contracted to use its proprietary artificial intelligence technology to accelerate exploration of the Yorkton projects. GoldSpot is a leading technology services company that uses machine learning to transform the mineral discovery process. GoldSpot is developing artificial intelligence in mineral exploration to reduce capital risk.
On a shopping spree
Enormous additions have been made to Yorkton's lithium portfolio in recent weeks. Late last year, a group of three non-contiguous lithium properties, Key Lithium, Amisk West Lithium and Amisk East Lithium, collectively known as the Cyr-Kapiwak Lithium Project, were acquired in the James Bay area of Quebec. The lithium project consists of 42 mineral claims totaling 22.20 sq km. The Key Lithium property is adjacent to Galaxy Lithium Inc.'s James Bay Lithium Mine property and is less than 3 km from the James Bay Lithium Mine project.
In addition, the acquisition of the Sirmac East project in the James Bay region of Quebec was recently announced. The acquisition target consists of twelve mineral prospecting rights totaling 656 ha. The project is adjacent to Vision Lithium's Sirmac concession, Winsome Resources' Sirmac-Clapier concession and Troilus Gold's Troilus gold project and is considered highly prospective for lithium occurring in spodumene-bearing pegmatites, with at least two historical lithium occurrences mapped with Sirmac Lithium and Clapier Lithium in the western part of the region.
Sales figures for automakers such as BYD and BMW show strong growth, even defying the semiconductor crisis. The high demand for electric cars is driving the price of lithium. In contrast, supply is tight. Yorkton Ventures has secured promising properties through several acquisitions.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.
